2024 tech layoffs

The tech industry continues to experience a significant wave of layoffs in 2024, with approximately 190,049 employees laid off from 380 companies globally as of July 30. Major players like UKG and Intuit are among those cutting thousands of jobs, with UKG reducing its workforce by 14%, equating to around 2,200 positions, and Intuit eliminating 1,800 jobs. Smaller firms, particularly in India, are also feeling the strain, with Unacademy laying off 250 employees and microblogging site Koo shutting down after failed acquisition talks. The ongoing layoffs reflect a broader trend of companies adapting to economic challenges and shifting priorities towards AI and automation. This trend has significant implications for innovation and employee morale within the tech sector. As the situation develops, the comprehensive list of layoffs continues to grow, highlighting the ongoing impact on the workforce.